Is the U.S. economy headed for a further recession? Many investors fear our current cycle of modest expansion is at an end, given that the average expansion lasts no more than five years. Economist David Rosenberg analyzes the situation. Regardless of what the future holds, it’s best to ensure your own long-term financial stability. CNBC looks into the pros and cons of long-term care insurance. If you want to be a millionaire, you may not need a huge income. Robert Frank explains how it’s done.
David Rosenberg: No U.S. Recession In Sight – Rosenberg is the chief economist and strategist at Gluskin Sheff, a Toronto-based investment firm. Prior to joining the firm in 2009, he was the chief economist at Merrill Lynch. “There’s no such thing as a sure thing, especially in this business, but the chances of a recession in the next year or two are close to zero,” Rosenberg said. http://advisorperspectives.com/newsletters14/David_Rosenberg-No_US_Recession_in_Sight.php
Looking To Buy Long-Term Care Insurance?- The average cost of staying in a nursing home for a year is between $55,000 and $170,000, depending upon where you live. A question that always comes up is: Should I buy long-term care insurance? This article looks at the pros and cons.
How To Become A Millionaire? Save Early, Study Says– A study from PNC Wealth Management asked people worth $5 million or more in investable assets about the “actions that have most contributed to their financial success.” The No. 1 response? It wasn’t income. It was “saving early and regularly.”
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller